FERC Approves Sundance Project

---------------------- Forwarded by Andrea Ring/HOU/ECT on 04/03/2001 02:03
PM ---------------------------

Enron North America Corp.

From: Rebecca W Cantrell 03/28/2001 01:12 PM

To: Brenda H Fletcher/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Donna
Greif/HOU/ECT@ECT, John Hodge/Corp/Enron@ENRON, Judy Townsend/HOU/ECT@ECT,
Paul Tate/HOU/EES@EES, Robert Superty/HOU/ECT@ECT, Ruth
Concannon/HOU/ECT@ECT, Suzanne Calcagno/NA/Enron@Enron, Victor
Lamadrid/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT
cc:
Subject: FERC Approves Sundance Project

From Natural Gas Intelligence

Breaking News : Transco's Sundance Project Gets Green Light
posted 10:11 AM (CST) Mar 28, 2001

Transcontinental Gas Pipe Line's $134 million Sundance expansion project was
approved by the Federal Energy Regulatory Commission today in a draft order
issued at the Commission's regularly scheduled meeting. The looping and
compression project will provide an additional 236,383 Dth/d of firm
transportation capacity to the Southeast and Mid-Atlantic regions.

About 38 miles of new pipeline along the company's existing mainline system
will be installed along with modifications to existing compressor stations in
Alabama, Georgia and North Carolina, according to the project plans. The
project will go in service in the spring of 2002.

Robust economic growth in the Southeast and development of significant new
gas-fired power generation were the main forces driving the expansion.
Southern Co. and Carolina Power and Light (CP&L) agreed to purchase most of
the capacity of the project. Southern purchased 140,000 Dth/d. CP&L signed up
for 75 MMcf/d. CP&L also is planning to build a $100 million, 82-mile
intrastate lateral downstream of Sundance between Iredell and Richmond
counties in North Carolina. The 30-inch-diameter lateral would have an
initial capacity of 200 MMcf/d with expansion capability up to 700 MMcf/d.